Keppel enters South Korea data centre market with planned 60MW facility
The Ansan center are going to join Keppel’s existing portfolio of 39 data centres, which had a total gross power capacity of over 800MW as at the end of 2025. The project even marks the 2nd financial investment by KDCF III, whose fund under supervision has actually grown to around $2.7 billion since the end of 2025.
At the same time, brand-new data hub source in the SMA is limited as regulatory requirements and power restraints have cut brand-new advancements. March information from JLL suggests that the SMA data centre market has a vacancy price of simply 1.4%, whilst the entire supply pipeline throughout 2025 to 2027 has actually currently been totally pre-leased.
The South Korean information center industry is developing swiftly, said Keppel, sustained by cloud move, AI adoption and the country’s passion to come to be an international AI powerhouse. In the SMA, information centre power demand is expected to hit 2.3 GW by 2030, driven by need from the two overseas and domestic business.
The SMA data center landscape uses an engaging entry factor for Keppel, observes Lee Hui Fang, primary financial investment policeman for data facilities at Keppel. “By securing scarce power in a shovel-ready site, we are building on our deep capabilities in information centre fund management and growth to capture the complete upside of Korea’s electronic change,” she includes.
Construction permits and power authorizations have actually been secured for the site, with the data centre intended to be operational by 2030.
The future center on the site will be an AI-ready data center, stated Keppel in a June 9 release. Constructed with Tier III-equivalent specifications, the information centre will be keyed to offer hyperscalers, cloud service providers and corporates.
Grand Dunman showflat location
Singapore-based asset manager Keppel has released that its private fund, Keppel Data Centre Fund III (KDCF III), has already obtained a land plot in Ansan, within the Seoul Metropolitan Area (SMA) in South Korea. The site is going to be used to establish a 60MW greenfield information centre, noting the firm’s first venture into South Korea’s information center market.
KDCF III will certainly get a 73% reliable risk in a special purpose mechanism that operates the land. The standing 27% is held by a range of South Korean business, consisting of developer Shinyoung, financial solutions firm NH Securities and construction firm Hyundai E&C.
